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2U Reports Results for First Quarter 2021 Delivers revenue growth of 32% Reports improved profitability and positive cash flows from operations News provided by Share this article LANHAM, Md., April 28, 2021 /PRNewswire/ 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the quarter ended March 31, 2021. Results for First Quarter 2021 Compared to First Quarter 2020 Revenue increased 32% to $232.5 million Degree Program Segment revenue increased 23% to $145.9 million Alternative Credential Segment revenue increased 52% to $86.6 million Net loss improved $14.5 million to $45.6 million, or $0.62 per share Total cash balance at quarter end increased to $505.1 million, from $157.5 million Non-GAAP Results for First Quarter 2021 Compared to First Quarter 2020 ....
Share this article Share this article LANHAM, Md., April 20, 2021 /PRNewswire/ 2U, Inc. (Nasdaq: TWOU) announced today that it will report its first quarter 2021 financial results on Wednesday, April 28, 2021. Christopher Chip Paucek, Co-Founder and Chief Executive Officer, and Paul Lalljie, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results. To access the live webcast, visit investor.2u.com. To participate in the conference call by telephone in the U.S., dial 1-833-900-2243, or outside of the U.S., dial 1-236-714-2729, and provide the conference ID number 6289853. A recording of the webcast will be posted to 2U s ....
Share this article LANHAM, Md., Feb. 11, 2021 /PRNewswire/ 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the full-year and fourth quarter ended December 31, 2020. Results for Full-Year 2020 Compared to Full-Year 2019 Revenue increased 35% to $774.5 million Degree Program Segment revenue increased 17% to $486.7 million Alternative Credential Segment revenue increased 83% to $287.8 million Net loss improved $18.7 million to $216.5 million, or $3.22 per share Total cash balance increased to $518.9 million Non-GAAP Results for Full-Year 2020 Compared to Full-Year 2019 Adjusted EBITDA improved by $40.0 million to $16.1 million Adjusted net loss improved by $8.1 million to $63.7 million, or $0.97 per share Results for Fourth Quarter 2020 Compared to Fourth Quarter 2019 ....